Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In April

Author: Lisa Levin | April 18, 2023 08:11am

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

WeWork Inc. (NYSE:WE)

• WeWork announced an agreement to reduce its net debt and extend $1.6 billion in remaining debt maturities to August 2027. The company’s stock has a 52-week low of $0.4790 .
• RSI Value: 28.69
• WE Price Action: Shares of WeWork fell 2.6% to close at $0.4869 on Monday.

Industrial Logistics Properties Trust (NASDAQ:ILPT)

• Industrial Logistics reported Q4 FFO of $0.08. The company recently announced a regular quarterly cash distribution on its common shares of $0.01 per common share. The company’s stock has a 52-week low of $2.1350.
• RSI Value: 24.84
• ILPT Price Action: Shares of Industrial Logistics Properties Trust fell 2.2% to close at $2.18 on Monday.

Office Properties Income Trust (NASDAQ:OPI)

• Office Properties Income Trust reduced quarterly dividend from $0.55 to $0.25 per share. The company’s stock has a 52-week low of $7.38.
• RSI Value: 17.67
• OPI Price Action: Shares of Office Properties Income Trust fell 1.5% to close at $7.66 on Monday.

Xinyuan Real Estate Co., Ltd. (NYSE:XIN)

• Xinyuan Real Estate shares dropped around 18% over the past month. The company’s 52-week low is $3.00.
• RSI Value: 25.10
• XIN Price Action: Shares of Xinyuan Real Estate fell 0.6% to close at $3.30 on Monday.

Franklin Street Properties Corp. (NYSE:FSP)

• Franklin Street Properties posted Q4 EPS of $0.10. George J. Carter, Chairman and Chief Executive Officer, said, "As the first quarter of 2023 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets." The company has a 52-week low of $1.16.
• RSI Value: 20.08
• FSP Price Action: Shares of Franklin Street Properties gained 5% to close at $1.25 on Monday.

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Posted In: FSP ILPT OPI WE XIN